Sterling is approaching the final two years of his contract at LiverpoolGetty Images

Raheem Sterling's agent claims reports regarding the future of the Liverpool winger have been "blown out of proportion" amid suggestions the 20-year-old will tell the club he wants to leave this summer.

The England international, whose current deal expires in 2017, is yet to agree a new contract with the Anfield club and has already rejected an offer of £100,000-per-week ($155,750) to remain in Merseyside.

Sterling is understood to be disappointed with the leaking of previous contract offers and believes he has not been protected from the front pages of national newspapers this season, with a video in April having been released of him apparently inhaling nitrous oxide.

In a meeting with chief executive Ian Ayre and manager Brendan Rodgers scheduled for 22 May, Sterling is expected to tell the Liverpool hierarchy he wants to leave the club in order to regularly challenge for silverware.

Liverpool have failed to qualify for next season's Champions League and were knocked out of the group stage of this season's competition, while Rodgers' team were unable to muster a Premier League title challenge following the departure of Luis Suarez to Barcelona.

However, representative Aidy Ward says reports Sterling will threaten Liverpool with a potential summer departure are wide of the mark but that talks will be held this week.

"The story has been somewhat blown out of proportion," he told Talksport. "Raheem and his representatives have a meeting scheduled with Liverpool later this week, and we will take proceedings from there."

Arsenal, Manchester City and Real Madrid have all been linked with a move for Sterling but any failure to tie him to a new deal could see his value in the transfer market plummet as he approaches the final two years of his contract.

Since breaking into the Reds first team on a permanent basis, Sterling's form has plateaued during the 2014-15 season, with just 11 goals coming in 49 appearances in all competitions, with a downturn in performances having coincided with public negotiations regarding his contract.